Funding
The initial funding for Triggerise Stichting was put forward by Population Services International (PSI). This funding was a mix of cash and in-kind which means that PSI was directly covering some of the Stichting’s expenses, including staff and operational costs. During the first year of Triggerise’s operation, PSI also acted as a payment center for Triggerise for specific projects in which PSI and Triggerise collaborate on the ground. As of July 2016 Triggerise has been fully deconsolidated from PSI and is operating independently.

Triggerise Stichting is also participating in calls for applications – alone as well as part of larger consortia – put forward by Donors, including the Dutch Ministry of Foreign Affairs.

The Stichting also receives project-based revenue from Partners in the field. This revenue is strictly related to implementation of activities under the respective projects, plus an overhead fee.

Combining all sources of revenue, including projected we had a turnover of around EUR 748,632 in 2015, including contributions in kind.

Policy
Triggerise Stichting makes capital contributions to its 100% subsidiary and management company, Triggerise BV, established in Amsterdam. The Stichting itself incurs very limited costs as its Boards of Directors and Supervisory Directors receive no salaries.

Triggerise BV builds technology that is open source and is intended to have a social impact, including Movercado, our flagship technology platform. Further Triggerise BV recruits, manages and invests in operational resources required by any of the mentioned projects.

The current costs structure consist of salaries related to Triggerise BV’s staff working on projects, as well as operational expenses. Further costs are made regarding the extension and improvement of the Movercado software and the application of that software on the various projects.
As the costs of Triggerise BV’s development of open source software and its operations exceeds the project-based revenues Triggerise Stichting seeks funding by sponsors on a permanent base.

Triggerise’s highest costs for the year were related to the actual set-up of the foundation. Most of these costs were contributed in Kind by PSI. The remaining funds were remitted to Triggerise BV. Triggerise BV is developing the technology and managing all operations. These operations include: